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Posted by
azure
on 2012-01-18

PUBLIC:

We had a terrible pitch meeting with the partners, Lou Volpe in particular. He made fun of us and of our idea. Left that meeting (and stupidly left our slide deck behind). Less that a week later we discovered they had funded another company in the same space (they didn't divulge that up front), and much of the marketing materials we had left behind in our slide deck appeared VERBATIM on that company's web site. We went back to one of the other partners and complained and he said he'd investigate. He got back to us and admitted that yes indeed, one of the partners had taken our information, and passed it along to the company they'd funded, and that company had used it on their website. Since there was no NDA (which there never is with a VC), there wasn't much we could do about it. But we learned a valuable lesson and learned to never work with Kodiak.